CMA opens investigation into Co-op's takeover of Nisa

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The Co-op Group’s takeover of Nisa will not be cleared until April 20 at the earliest, the Competition and Markets Authority (CMA) announced today (Thursday).

The first phase of the CMA’s investigation into the takeover opened today and runs until 20 April, when the deal will either be cleared or referred for an in-depth investigation lasting up to 24 weeks. The Co-op had initially expected the CMA’s decision in March.

The latter scenario would occur if the CMA identifies a potential reduction in competition - unless the merging parties can offer proposals following the first phase of the investigation which address any concerns identified.

Costcutter is also expected to make a full transition to the Co-op as its new supply partner in April, but chief executive Darcy Willson-Rymer said it would have to “wait and see what the CMA says about the Nisa takeover first”.

The CMA is now seeking views on the merger from all interested parties. Those interested are invited to submit their views by 8 March 2018. Further details will be available on the investigation case page.

Readers' comments (3)

  • What a total waste of time. Having allowed a bigger retailer to take over a bigger wholesaler (Tesco/Booker) how could they possibly stop this merger?

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  • co-op don;t need nisa. it seems that they'll be pulling out of the deal anyway. Costcutter supply deal was the main aim - co-op don't need to pay £140m for what is effectively a distrubution company to supply costcutter stores. Nisa will be back up for sale to the next highest bidder. I' give them a quid.

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  • Shocker - why would Co-op want Costcutter?! they are left with the tail end of the stores.. all the good stores have jumped ship and seen sense!!

    Costcutter now don’t want the smaller drops (small stores) which will leave them with very little.. BUT they’ll have a great brand haha

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